According to “forexlive.com” in a post on December 18, 2023, we’re labeled as
“TOXIC TRADERS” … did you know you’re a “toxic trader”? … the link
directly below.
https://www.forexlive.com/Education/how-forex-brokers-can-identify-toxic-
A quick read of this disgusting article pretty much proves my thesis and
premise, that anybody who makes money is “toxic” to the brokerage house
and the scumbag LP, and if you’re not a source of constant & continued
profitability to the house [would you like to make another deposit?], you’re a
problem … am I the only one who finds this article extremely annoying and
pisses me off!? … and while this article is for “edumacation” purposes [so it
says], don’t be fooled into believing propaganda … this is a warning … and it’s
not just “Tapaas”, there’s an entire “cottage industry” that springs up to help
serve the thieves and crooks that call their shakedown operations as a
“liquidity provider” [LP] … anybody who’s ever traded anything in a “live”
account for longer than 5 minutes at any house will find out real quick about
mystery bids [sells] and mystery offers [buys], along with slippage on fills,
and utter. “WTF was that?”, and wonder how the Hell their mini-lot buy trade in
EURUSD could send the offer price up 1 ½ PIPS for their fill … well, wonder
no more!
Of course, the Standard Operating Procedure [SOP] at houses everywhere
when you point out to them you got royally fucked on an order is to invoke
the “DUH!, market conditions, DUH!, plausible deniability mantra, and that’s the
end of the conversation … and now, houses are all to eager to tell you
SCALPERS WELCOME! … that’s cuz they all pretty much employ
“ANTI-SCALPING” SOFTWARE [just like the article suggests] to thwart those
trying to “pick off” the LP in a somewhat more highly VIX environment … some
houses worse than others to be sure, but since the start of 2024, a sea change
at IQCENT where they’ve taken it to extremes in crypto pairs … not that it’s a
decision at IQCENT, they’re simply going along with the LP [Thompson
Reuters], who I can only assume has gotten beaten in Q4 2023 worse than a
baby seal at a Japanese whale hunt in crypto pairs … and their predictable
response is to scream “HELP!” to the cottage industry telling them they can
defeat scalpers … and so what we’ve seen this last week is that going into
affect … and I can tell you it will completely destroy the crypto trading at
IQCENT if they keep it up, cuz nobody is gonna accept trading [for example]
Bitcoin in $50+ increments and get trapped into losses they have no control
over, and the fact you can’t depend on them to keep the bid/offer current
… would you trade EURUSD right now and could only get in or out in 5+ PIP
increments and had no idea when the bid/offer would change to reflect actual
market conditions? … HELL NO YOU WOULDN’T!!
It’s a different story in EURUSD, USDJPY, and USDCNH, the only 3 FX pairs I
would trade at IQCENT … THAT’S CUZ THEY HAVE RAZOR THIN SPREADS
AND NO COMMISSIONS … and as I have explained before, know how this place
and LP makes their money … they split the slippage from constantly being off
the actual market by fractions to maybe as much as 2 or 3 PIPS under normal
conditions … you ALWAYS HAVE TO HAVE A PRIMARY MARKET [COINEXX,
FUSION MARKETS, ETC.] served by a very thin spread to compare bid prices … obviously, you want to buy FX when the IQCENT price is LOWER THAN THE
COINEXX BID by at least 0.2 PIPS … when SHTF [like Friday with NFP & ISM
numbers] you can effectively do “arb scalping”.
The entire thesis / premise of FX and “arb scalping” I’ve explained before, and
it’s at least 100X bigger and deeper than crypto could ever think to be right now
… there’s an entire ocean of institutions being served by scumbags like
Thompson Reuters, and since they’re not traders, they take their piece of the
pie and pass on the rest to the platform … within 1 second, maybe 1 ½ seconds
at most, IT’S GONE! … they’ve already employed “ANTI-SCALPING”
MEASURES INTO their skipping around slippage on the platform, and for
most of the Dopes who trade at IQCENT IN FX, I’d be shocked if any of ‘em
looked or watched closely at other platforms and figured out the “game” that
is being played on them … this ain’t 2003, where 20 years ago FX spreads
[and everything else traded as well] were FAT, SLIPPAGE EVEN FATTER, and
the houses online for electronic trading made a fucking killing … in theory,
today spreads are “tight”, but as a spec trading, you have to OVERCOME the
“T DISTRIBUTION” MATRIX of added slippage up/down on the “T Curve” based
on current volatility, which gives the LP & house the “edge” in successfully
defeating you in a collective sense … THAT’S WHY THEY WELCOME
SCALPERS! … if they simply raised the spread, nobody would trade with ‘em
… anybody trading USDJPY AT A HOUSE WHERE THE SPREAD IS 2 ½ - 3
FULL PIPS? … no? … wonder why when it’s 0.4 PIPS at IQCENT WITH NO
COMMISSIONS? … now, if you buy and sell at the wrong times compared to
the primary market [Coinexx bid for example], you’ll be trading it almost right
there at 2 ½ - 3 FULL PIPS!
And while I’m secure in the fact they’d love to have better conditions for
themselves in FX, THEY CAN’T cuz the competition is too intense and traders
too smart … they simply have to live with what they got now and realize there
will always be people like me who can defeat them, but the collective makes
them tons of money so who cares? … and that ain’t the story over in crypto!
… I guess if they’re Hellbent on destroying their business they got the right to
do that, but it is what it is … we’ll see what management does when they look
at their runs and figure out “el quicko mucho” everybody has left and they got
ZERO CRYPTO TRADING REVENUES … what happens then?
Directly below, this week’s 20 Day Range MA & MEDIAN values for selected
markets.
In this modern age of manipulation, you just never know when houses & LP’s get
better / worse, do good things / do “stupid shit” things, buy others, sell the
business to Dopes, and we out here in the public domain got no clue what’s
going on … it’s not like they share anything cuz they don’t! … still, IQCENT IS
THE PLACE TO BE FOR USDJPY, UNDER THE RIGHT CONDITIONS, and with a
primary market to compare it to, and “arb scalping” is excellent on important
reports and releases most of the time.
Look for the final version of the algorithm coming next Sunday in pdf, although
tomorrow’s blog I’ll highlight the important concepts … “almost finished” didn’t
make it to today’s finish line!… onto the week!
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment